{"component": "clause", "props": {"groups": [{"size": 10, "snippet_links": [{"key": "either-party", "type": "definition", "offset": [4, 16]}, {"key": "auditing-party", "type": "definition", "offset": [31, 45]}, {"key": "calendar-year", "type": "clause", "offset": [89, 102]}, {"key": "king-product", "type": "definition", "offset": [112, 124]}, {"key": "initiation-date", "type": "definition", "offset": [125, 140]}, {"key": "following-the", "type": "definition", "offset": [161, 174]}, {"key": "end-of-the-term", "type": "definition", "offset": [175, 190]}, {"key": "relevant-books-and-records", "type": "clause", "offset": [208, 234]}, {"key": "other-party", "type": "definition", "offset": [242, 253]}, {"key": "audited-party", "type": "clause", "offset": [268, 281]}, {"key": "to-verify", "type": "definition", "offset": [293, 302]}, {"key": "matters-addressed", "type": "clause", "offset": [338, 355]}, {"key": "in-this-agreement", "type": "definition", "offset": [356, 373]}, {"key": "notice-to-the", "type": "clause", "offset": [426, 439]}, {"key": "members-of", "type": "clause", "offset": [495, 505]}, {"key": "nationally-recognized", "type": "definition", "offset": [508, 529]}, {"key": "independent-public-accounting-firm", "type": "definition", "offset": [530, 564]}, {"key": "normal-business-hours", "type": "definition", "offset": [736, 757]}, {"key": "the-accountants", "type": "clause", "offset": [759, 774]}, {"key": "in-no-event-shall", "type": "clause", "offset": [883, 900]}, {"key": "information-of", "type": "clause", "offset": [930, 944]}, {"key": "except-to-the-extent", "type": "clause", "offset": [963, 983]}, {"key": "terms-of-this-agreement", "type": "clause", "offset": [1064, 1087]}, {"key": "the-request", "type": "clause", "offset": [1096, 1107]}, {"key": "disclosure-agreements", "type": "clause", "offset": [1176, 1197]}, {"key": "cost-of", "type": "clause", "offset": [1271, 1278]}, {"key": "the-performance", "type": "clause", "offset": [1279, 1294]}, {"key": "confidential-and-proprietary-information", "type": "definition", "offset": [1393, 1433]}, {"key": "payments-to-the", "type": "clause", "offset": [1573, 1588]}, {"key": "with-respect-to", "type": "clause", "offset": [1625, 1640]}, {"key": "period-of-time", "type": "clause", "offset": [1645, 1659]}, {"key": "pursuant-to-this-agreement", "type": "clause", "offset": [1744, 1770]}, {"key": "pay-to", "type": "definition", "offset": [1801, 1807]}, {"key": "within-thirty", "type": "clause", "offset": [1856, 1869]}, {"key": "days-after", "type": "definition", "offset": [1875, 1885]}], "snippet": "(a) Either party (herein, the \"Auditing Party\") may demand, no more than once during any calendar year from the KING Product Initiation Date until two (2) years following the end of the Term, an audit of the relevant books and records of the other party (herein, the \"Audited Party\") in order to verify the Audited Party's reports on the matters addressed in this Agreement. Upon no less than fifteen (15) days' prior written notice to the Audited Party, the Audited Party shall grant access to members of a nationally recognized independent public accounting firm selected by the Auditing Party to the relevant books and records of the Audited Party in order to conduct a review or audit thereof. Such access shall be available during normal business hours. The accountants shall report their conclusions and calculations to the Auditing Party and the Audited Party; provided, that in no event shall the accountants disclose any information of the Audited Party except to the extent necessary to verify the Audited Party's reporting and other compliance with the terms of this Agreement and, at the request of the Audited Party, such accountants will execute appropriate non-disclosure agreements. Except as hereinafter set forth, the Auditing Party shall bear the full cost of the performance of any such audit. Any information obtained from an audit under this Section 10.2 shall be deemed Confidential and Proprietary Information of the Audited Party.\n(b) If, as a result of any audit of the books and records of the Audited Party, it is shown that the Audited Party's payments to the Auditing Party under this Agreement with respect to the period of time audited were less than the amount which should have been paid to the Auditing Party pursuant to this Agreement, then the Audited Party shall pay to the Auditing Party the amount of such shortfall within thirty (30) days after the Auditing Party's demand therefor. If, as a result of any audit of the books and records of Audited Party, it is shown that the Audited Party's payments to the Auditing Party under this Agreement with respect to the period of time audited were", "samples": [{"hash": "jMPZZfRhwer", "uri": "/contracts/jMPZZfRhwer#payment-audits", "label": "Copromotion Agreement (King Pharmaceuticals Inc)", "score": 18.0, "published": true}, {"hash": "6vbVU4j0JyO", "uri": "/contracts/6vbVU4j0JyO#payment-audits", "label": "Co Promotion Agreement (Novavax Inc)", "score": 18.0, "published": true}], "hash": "c903262b898c3d584940c30749e1e64b", "id": 1}, {"size": 3, "snippet_links": [{"key": "the-right", "type": "clause", "offset": [19, 28]}, {"key": "prior-written-notice", "type": "definition", "offset": [41, 61]}, {"key": "calendar-year", "type": "clause", "offset": [103, 116]}, {"key": "independent-accounting-firm", "type": "clause", "offset": [143, 170]}, {"key": "third-party-expert", "type": "definition", "offset": [204, 222]}, {"key": "books-and-records", "type": "definition", "offset": [321, 338]}, {"key": "period-of-time", "type": "clause", "offset": [469, 483]}, {"key": "with-respect-to", "type": "clause", "offset": [484, 499]}, {"key": "applicable-period", "type": "definition", "offset": [597, 614]}, {"key": "documents-and-records", "type": "definition", "offset": [677, 698]}, {"key": "responsibility-of", "type": "clause", "offset": [794, 811]}, {"key": "audited-period", "type": "definition", "offset": [929, 943]}, {"key": "opportunity-to-review", "type": "clause", "offset": [1010, 1031]}, {"key": "expenses-of-the", "type": "clause", "offset": [1123, 1138]}, {"key": "each-party", "type": "clause", "offset": [1290, 1300]}, {"key": "other-party", "type": "definition", "offset": [1359, 1370]}, {"key": "appropriate-amount", "type": "definition", "offset": [1388, 1406]}, {"key": "in-the-event-of-a-dispute", "type": "clause", "offset": [1428, 1453]}, {"key": "pursuant-to", "type": "clause", "offset": [1494, 1505]}, {"key": "section-122", "type": "clause", "offset": [1511, 1523]}, {"key": "in-good-faith", "type": "definition", "offset": [1556, 1569]}, {"key": "section-156", "type": "clause", "offset": [1611, 1623]}, {"key": "parties-are", "type": "clause", "offset": [1632, 1643]}, {"key": "the-dispute", "type": "clause", "offset": [1740, 1751]}, {"key": "certified-public-accounting-firm", "type": "definition", "offset": [1792, 1824]}, {"key": "by-the-parties", "type": "clause", "offset": [1834, 1848]}, {"key": "other-person", "type": "definition", "offset": [1860, 1872]}, {"key": "the-parties-shall", "type": "clause", "offset": [1876, 1893]}, {"key": "mutually-agree", "type": "definition", "offset": [1894, 1908]}, {"key": "the-decision", "type": "clause", "offset": [1929, 1941]}, {"key": "the-accountant", "type": "clause", "offset": [1945, 1959]}, {"key": "costs-of", "type": "definition", "offset": [1983, 1991]}, {"key": "initial-audit", "type": "clause", "offset": [2024, 2037]}, {"key": "between-the-parties", "type": "clause", "offset": [2053, 2072]}], "snippet": "Zogenix shall have the right, upon [***] prior written notice, periodically but no more than [***] per calendar year and through the use of an independent accounting firm or other appropriate independent third party expert reasonably acceptable to Valeant (\u201cZogenix Auditor\u201d) to review, examine and audit the appropriate books and records of Valeant solely related (i) to the [***], (ii) to the [***], (iii) to the [***], or (iv) [***]. Zogenix shall not audit any one period of time with respect to any particular subject(s) of any such audit on more than [***] or later than [***] following the applicable period of time and Zogenix shall maintain the confidentiality of all documents and records audited. The costs and expenses of any such audit, including the Zogenix Auditor, shall be the responsibility of Zogenix, except that if any audit discloses that an amount due to Zogenix or charged to Zogenix was in error for the audited period by more than [***]% in Valeant\u2019s favor (after Valeant has had the opportunity to review and has not disputed the results of such audit) , the portion of any such direct costs and expenses of the Zogenix Auditor allocable to such audit shall be the responsibility of Valeant. Zogenix shall share the results of any audit with Valeant promptly and each Party shall, within [***] ([***]) days of any adjustment in the other Party\u2019s favor, pay the appropriate amount to such other Party. In the event of a dispute over the results of any audit conducted pursuant to this Section 12.2, Zogenix and Valeant shall work in good faith to resolve such dispute. Notwithstanding Section 15.6, if the Parties are unable to reach a mutually acceptable resolution of any such dispute within [***] ([***]) days, the dispute shall be submitted for arbitration to a certified public accounting firm selected by the Parties or to such other Person as the Parties shall mutually agree (the \u201cAccountant\u201d). The decision of the Accountant shall be final and the costs of such arbitration as well as the initial audit shall be borne between the Parties in such manner as the Accountant shall determine.", "samples": [{"hash": "lUn8iw7sN2x", "uri": "/contracts/lUn8iw7sN2x#payment-audits", "label": "Co Promotion Agreement", "score": 31.3408622742, "published": true}, {"hash": "9yEo8Z2l9ed", "uri": "/contracts/9yEo8Z2l9ed#payment-audits", "label": "Co Promotion Agreement (Zogenix, Inc.)", "score": 25.0355911255, "published": true}, {"hash": "bOHeJXKNbw4", "uri": "/contracts/bOHeJXKNbw4#payment-audits", "label": "Co Promotion Agreement (Zogenix, Inc.)", "score": 24.6002731323, "published": true}], "hash": "2f58f8476cf040ff7903568937d4d7ec", "id": 4}, {"size": 6, "snippet_links": [{"key": "prior-written-notice", "type": "definition", "offset": [23, 43]}, {"key": "third-party-invoices", "type": "clause", "offset": [67, 87]}, {"key": "pertaining-to", "type": "definition", "offset": [121, 134]}, {"key": "provision-of-equipment", "type": "clause", "offset": [145, 167]}, {"key": "bill-back-items", "type": "definition", "offset": [180, 195]}, {"key": "additional-services", "type": "clause", "offset": [200, 219]}, {"key": "normal-business-hours", "type": "definition", "offset": [371, 392]}, {"key": "independent-public-accounting-firm", "type": "definition", "offset": [484, 518]}, {"key": "who-is-bound", "type": "clause", "offset": [541, 553]}, {"key": "confidentiality-obligations", "type": "definition", "offset": [557, 584]}, {"key": "the-confidentiality-agreement", "type": "clause", "offset": [629, 658]}, {"key": "cost-of", "type": "clause", "offset": [720, 727]}, {"key": "the-performance", "type": "clause", "offset": [728, 743]}, {"key": "one-party", "type": "definition", "offset": [872, 881]}, {"key": "this-agreement", "type": "clause", "offset": [901, 915]}, {"key": "with-respect-to", "type": "clause", "offset": [916, 931]}, {"key": "period-of-time", "type": "clause", "offset": [936, 950]}, {"key": "the-parties-will", "type": "clause", "offset": [1043, 1059]}, {"key": "amounts-owed", "type": "definition", "offset": [1074, 1086]}, {"key": "by-each-party", "type": "clause", "offset": [1087, 1100]}, {"key": "in-addition", "type": "clause", "offset": [1115, 1126]}, {"key": "expenses-incurred", "type": "definition", "offset": [1343, 1360]}, {"key": "in-connection-with", "type": "clause", "offset": [1361, 1379]}, {"key": "the-audit", "type": "clause", "offset": [1380, 1389]}], "snippet": "(a) Upon [\u2026***\u2026] days\u2019 prior written notice, Flexion may audit any Third Party invoices subsequently invoiced to Flexion pertaining to Patheon\u2019s provision of Equipment, Materials, Bill Back Items and Additional Services hereunder; provided, however, that Flexion will not be entitled to more than one audit during any [\u2026***\u2026] period. Such audits will be conducted during normal business hours, without undue disruption to Patheon\u2019s business, and may be conducted by Flexion, or by an independent public accounting firm designated by Flexion who is bound by confidentiality obligations at least as stringent as those set forth in the Confidentiality Agreement. Except as hereinafter set forth, Flexion will bear the full cost of the performance of any such audit.\n(b) If, as a result of any audit described in Section 3.13(a), it is shown that the payments or credits from one Party to the other under this Agreement with respect to the period of time audited were less than or more than the amount that should have been paid or credited, then the Parties will reconcile the amounts owed by each Party to the other. In addition, if such audit demonstrates that Patheon has overcharged Flexion hereunder by more than [\u2026***\u2026]% for the period audited, then Patheon will also reimburse Flexion for its documented reasonable out-of-pocket costs and expenses incurred in connection with the audit.", "samples": [{"hash": "k3hKhPpU8rS", "uri": "/contracts/k3hKhPpU8rS#payment-audits", "label": "Manufacturing and Supply Agreement (Pacira BioSciences, Inc.)", "score": 37.1533196441, "published": true}, {"hash": "1ZBlL6Ut0w8", "uri": "/contracts/1ZBlL6Ut0w8#payment-audits", "label": "Manufacturing and Supply Agreement (Pacira BioSciences, Inc.)", "score": 33.1587944031, "published": true}], "hash": "ce11f2bf2b4f893f8827108c4c6e5e59", "id": 2}, {"size": 4, "snippet_links": [{"key": "subject-to-article-12", "type": "clause", "offset": [4, 25]}, {"key": "section-93", "type": "clause", "offset": [30, 41]}, {"key": "the-city-shall", "type": "clause", "offset": [43, 57]}, {"key": "in-accordance-with", "type": "clause", "offset": [90, 108]}, {"key": "schedule-b", "type": "clause", "offset": [109, 119]}, {"key": "following-the", "type": "definition", "offset": [141, 154]}, {"key": "receipt-of", "type": "clause", "offset": [155, 165]}, {"key": "notwithstanding-any-other-provision", "type": "clause", "offset": [253, 288]}, {"key": "prior-to", "type": "definition", "offset": [297, 305]}, {"key": "determine-whether", "type": "clause", "offset": [362, 379]}, {"key": "builders-lien-act", "type": "clause", "offset": [384, 401]}, {"key": "british-columbia", "type": "clause", "offset": [403, 419]}, {"key": "to-this-agreement", "type": "clause", "offset": [429, 446]}, {"key": "payments-made", "type": "clause", "offset": [463, 476]}, {"key": "form-of", "type": "definition", "offset": [550, 557]}, {"key": "lien-holdback", "type": "definition", "offset": [560, 573]}, {"key": "by-the-city", "type": "clause", "offset": [586, 597]}, {"key": "the-statute", "type": "definition", "offset": [635, 646]}, {"key": "the-lien", "type": "clause", "offset": [657, 665]}, {"key": "days-after", "type": "definition", "offset": [708, 718]}, {"key": "the-issuance", "type": "clause", "offset": [719, 731]}, {"key": "certificate-of-completion", "type": "definition", "offset": [737, 762]}, {"key": "conformity-with", "type": "clause", "offset": [766, 781]}, {"key": "in-relation-to", "type": "clause", "offset": [824, 838]}, {"key": "no-liens", "type": "clause", "offset": [853, 861]}, {"key": "lien-claim", "type": "definition", "offset": [1103, 1113]}, {"key": "based-on", "type": "definition", "offset": [1114, 1122]}, {"key": "directly-or-indirectly", "type": "clause", "offset": [1191, 1213]}, {"key": "at-any-time", "type": "clause", "offset": [1239, 1250]}, {"key": "agrees-to", "type": "clause", "offset": [1265, 1274]}, {"key": "all-things-necessary", "type": "clause", "offset": [1309, 1329]}, {"key": "satisfaction-of", "type": "clause", "offset": [1461, 1476]}, {"key": "payments-under-this-agreement", "type": "clause", "offset": [1503, 1532]}, {"key": "discretion-of-the-city", "type": "clause", "offset": [1572, 1594]}, {"key": "to-the-supplier", "type": "clause", "offset": [1612, 1627]}, {"key": "the-schedules", "type": "definition", "offset": [1760, 1773]}, {"key": "the-supplier-shall", "type": "clause", "offset": [1782, 1800]}, {"key": "all-costs", "type": "definition", "offset": [1813, 1822]}, {"key": "transit-insurance", "type": "clause", "offset": [1854, 1871]}, {"key": "delivery-charges", "type": "definition", "offset": [1903, 1919]}, {"key": "all-equipment", "type": "clause", "offset": [1923, 1936]}, {"key": "as-required-by", "type": "clause", "offset": [1993, 2007]}, {"key": "purposes-of-the", "type": "clause", "offset": [2019, 2034]}, {"key": "incidental-costs", "type": "clause", "offset": [2056, 2072]}, {"key": "the-contract-price", "type": "clause", "offset": [2126, 2144]}, {"key": "all-information", "type": "clause", "offset": [2297, 2312]}, {"key": "other-contingencies", "type": "clause", "offset": [2373, 2392]}, {"key": "cost-of", "type": "clause", "offset": [2413, 2420]}, {"key": "a-contractor", "type": "clause", "offset": [2501, 2513]}, {"key": "good-industry-practice", "type": "definition", "offset": [2525, 2547]}, {"key": "other-obligation", "type": "clause", "offset": [2593, 2609]}, {"key": "additional-compensation", "type": "clause", "offset": [2674, 2697]}, {"key": "including-without-limitation", "type": "clause", "offset": [2725, 2753]}, {"key": "in-this-agreement", "type": "definition", "offset": [2852, 2869]}, {"key": "other-provisions-of-this-agreement", "type": "clause", "offset": [2895, 2929]}, {"key": "payment-for", "type": "clause", "offset": [2969, 2980]}, {"key": "the-provisions-of-this", "type": "clause", "offset": [3039, 3061]}], "snippet": "(a) Subject to ARTICLE 12 and Section 9.3, the City shall pay the Supplier for the Supply in accordance with Schedule B (Prices for Supply), following the receipt of invoices prepared and delivered in accordance with Section 9.2(b) and Section 9.3.\n(b) Notwithstanding any other provision hereof, prior to making any payment under this Agreement, the City shall determine whether the Builders Lien Act (British Columbia) applies to this Agreement and, if so:\n(i) payments made under this Agreement shall be subject to ten percent withholding, in the form of a lien holdback, to be held by the City in accordance with the provisions of the statute; and\n(ii) the lien holdback shall be released by the City 56 days after the issuance of a certificate of completion in conformity with the Builders Lien Act (British Columbia)) in relation to the Supply if no liens then exist. <\uf037NTD: Consider whether the BLA applies and withhold as appropriate. Also, consider whether additional holdbacks should be imposed by contract (for defects, etc.), or the supplier should be required to post security.>\n(c) If any lien claim based on the provisions of the Builders Lien Act (British Columbia) relating directly or indirectly to this Agreement exists at any time, the Supplier agrees to immediately take all steps and do all things necessary or required to remove, cancel and dismiss such lien and until such lien is removed, cancelled or dismissed (as appropriate, to the satisfaction of the City), or all further payments under this Agreement may be withheld by the City or, at the discretion of the City, amounts payable to the Supplier may be used by the City to obtain the removal, cancellation or dismissal of any such lien.\n(d) Unless otherwise expressly stated in the schedules hereto, the Supplier shall pay any and all costs, including freight, marine and transit insurance, Taxes, and transportation and delivery charges on all equipment or things of whatsoever nature provided by the Supplier as required by it for the purposes of the Supply and any other incidental costs and all such costs shall be deemed to be included in the Contract Price.\n(e) The Supplier shall be deemed to have satisfied itself as to the correctness and sufficiency of Schedule B (Prices for Supply) and to have obtained all information and to have taken into account all circumstances, risks and other contingencies that may affect the cost of performing the Supply (including any circumstances, risks or contingencies that a contractor exercising Good Industry Practice would typically expect to encounter) and any other obligation under this Agreement. The Supplier shall not be entitled to any additional compensation beyond the Contract Price (including without limitation for escalation in the prices of goods, materials and labour) except as otherwise expressly stated in this Agreement.\n(f) Notwithstanding any other provisions of this Agreement, the Supplier shall not be entitled to payment for any Supply that has not been performed in compliance with the provisions of this Agreement.", "samples": [{"hash": "dVXOfpMjUlH", "uri": "/contracts/dVXOfpMjUlH#payment-audits", "label": "Supply Agreement", "score": 23.8158798218, "published": true}, {"hash": "aMsEKegjRbp", "uri": "/contracts/aMsEKegjRbp#payment-audits", "label": "Supply Agreement", "score": 23.8158798218, "published": true}], "hash": "92ec443acaaae7d77a2867c08278a6a7", "id": 3}, {"size": 2, "snippet_links": [{"key": "prior-written-notice", "type": "definition", "offset": [21, 41]}, {"key": "third-party-invoices", "type": "clause", "offset": [64, 84]}, {"key": "to-client", "type": "clause", "offset": [107, 116]}, {"key": "pertaining-to", "type": "definition", "offset": [117, 130]}, {"key": "provision-of-equipment", "type": "clause", "offset": [141, 163]}, {"key": "additional-services", "type": "clause", "offset": [196, 215]}, {"key": "client-will", "type": "clause", "offset": [251, 262]}, {"key": "normal-business-hours", "type": "definition", "offset": [370, 391]}, {"key": "by-client", "type": "clause", "offset": [462, 471]}, {"key": "independent-public-accounting-firm", "type": "definition", "offset": [482, 516]}, {"key": "who-is-bound", "type": "clause", "offset": [538, 550]}, {"key": "confidentiality-obligations", "type": "definition", "offset": [554, 581]}, {"key": "the-confidentiality-agreement", "type": "clause", "offset": [626, 655]}, {"key": "cost-of", "type": "clause", "offset": [683, 690]}, {"key": "the-performance", "type": "clause", "offset": [691, 706]}, {"key": "the-third-party", "type": "definition", "offset": [762, 777]}, {"key": "one-party", "type": "definition", "offset": [834, 843]}, {"key": "this-agreement", "type": "clause", "offset": [863, 877]}, {"key": "with-respect-to", "type": "clause", "offset": [878, 893]}, {"key": "period-of-time", "type": "clause", "offset": [898, 912]}, {"key": "the-parties-will", "type": "clause", "offset": [1005, 1021]}, {"key": "amounts-owed", "type": "definition", "offset": [1036, 1048]}, {"key": "by-each-party", "type": "clause", "offset": [1049, 1062]}], "snippet": "(a) Upon [***] days\u2019 prior written notice, Client may audit any Third Party invoices subsequently invoiced to Client pertaining to Patheon\u2019s provision of Equipment, Materials, \u2587\u2587\u2587\u2587 Back Items and Additional Services hereunder; provided, however, that Client will not be entitled to more than one audit during any [***] month period. Such audits will be conducted during normal business hours, without undue disruption to Patheon\u2019s business, and may be conducted by Client, or by an independent public accounting firm designated by Client who is bound by confidentiality obligations at least as stringent as those set forth in the Confidentiality Agreement. Client will bear the full cost of the performance of any such audit.\n(b) If, as a result of any audit of the Third Party invoices, it is shown that the payments or credits from one Party to the other under this Agreement with respect to the period of time audited were less than or more than the amount that should have been paid or credited, then the Parties will reconcile the amounts owed by each Party to the other.", "samples": [{"hash": "cq9RN2YZ1lz", "uri": "/contracts/cq9RN2YZ1lz#payment-audits", "label": "Manufacturing and Supply Agreement (INSMED Inc)", "score": 27.1451053619, "published": true}], "hash": "9f85c0d5afea644befaabaf466abc067", "id": 5}, {"size": 1, "snippet_links": [{"key": "payment-to-the", "type": "clause", "offset": [0, 14]}], "snippet": "Payment to the Supplier\u200c", "samples": [{"hash": "2EMd82DtIIy", "uri": "/contracts/2EMd82DtIIy#payment-audits", "label": "Standing Agreement", "score": 28.7412757874, "published": true}], "hash": "2a93e80b732876cb092df097bee9abe2", "id": 6}, {"size": 1, "snippet_links": [{"key": "each-party", "type": "clause", "offset": [0, 10]}, {"key": "relevant-books-and-records", "type": "clause", "offset": [48, 74]}, {"key": "other-party", "type": "definition", "offset": [82, 93]}, {"key": "to-verify", "type": "definition", "offset": [103, 112]}, {"key": "calculation-of", "type": "definition", "offset": [117, 131]}, {"key": "payments-to-be-made", "type": "clause", "offset": [136, 155]}, {"key": "available-by", "type": "definition", "offset": [194, 206]}, {"key": "audited-party", "type": "clause", "offset": [211, 224]}, {"key": "an-independent", "type": "clause", "offset": [238, 252]}, {"key": "certified-public-accounting-firm", "type": "definition", "offset": [253, 285]}, {"key": "the-party", "type": "clause", "offset": [345, 354]}, {"key": "the-auditor", "type": "clause", "offset": [389, 400]}, {"key": "during-business-hours", "type": "clause", "offset": [442, 463]}, {"key": "fiscal-year", "type": "definition", "offset": [492, 503]}, {"key": "agreement-remains-in-effect", "type": "clause", "offset": [515, 542]}, {"key": "years-thereafter", "type": "clause", "offset": [559, 575]}, {"key": "expenses-of-the", "type": "clause", "offset": [590, 605]}, {"key": "examined-party", "type": "definition", "offset": [761, 775]}, {"key": "five-percent", "type": "clause", "offset": [849, 861]}, {"key": "aggregate-amount", "type": "clause", "offset": [874, 890]}, {"key": "the-period", "type": "clause", "offset": [926, 936]}], "snippet": "Each party may demand one or more audits of the relevant books and records of the other party in order to verify the calculation of any payments to be made hereunder. Such records shall be made available by the audited party for audit by an independent certified public accounting firm designated by the other party and reasonably acceptable to the party whose records are to be examined. The auditor will only examine such books and records during business hours but not more than once each fiscal year while this Agreement remains in effect and for two (2) years thereafter. The fees and expenses of the auditor performing such verification shall be borne by the party initiating the verification; provided, however, that if any verification reveals that the examined party has reported incorrectly, and the amount of such discrepancy is at least five percent (5%) of the aggregate amount that should have been reported for the period examined, then the examined party shall pay the entire amount of the fees and expenses for such verification.", "samples": [{"hash": "hMGy400Y5pr", "uri": "/contracts/hMGy400Y5pr#payment-audits", "label": "Co Promotion Agreement (Santarus Inc)", "score": 21.0, "published": true}], "hash": "346a2954015a87af580ba08724160974", "id": 7}, {"size": 1, "snippet_links": [{"key": "either-party", "type": "definition", "offset": [4, 16]}, {"key": "auditing-party", "type": "definition", "offset": [31, 45]}, {"key": "calendar-year", "type": "clause", "offset": [89, 102]}, {"key": "initiation-date", "type": "definition", "offset": [112, 127]}, {"key": "following-the", "type": "definition", "offset": [148, 161]}, {"key": "end-of-the-term", "type": "definition", "offset": [162, 177]}, {"key": "relevant-books-and-records", "type": "clause", "offset": [195, 221]}, {"key": "other-party", "type": "definition", "offset": [229, 240]}, {"key": "audited-party", "type": "clause", "offset": [255, 268]}, {"key": "to-verify", "type": "definition", "offset": [280, 289]}, {"key": "matters-addressed", "type": "clause", "offset": [325, 342]}, {"key": "in-this-agreement", "type": "definition", "offset": [343, 360]}, {"key": "notice-to-the", "type": "clause", "offset": [413, 426]}], "snippet": "(a) Either party (herein, the \"AUDITING PARTY\") may demand, no more than once during any calendar year from the Initiation Date until two (2) years following the end of the Term, an audit of the relevant books and records of the other party (herein, the \"AUDITED PARTY\") in order to verify the Audited Party's reports on the matters addressed in this Agreement. Upon no less than fifteen (15) days' prior written notice to the Audited Party, the", "samples": [{"hash": "cmnWwt9zEMD", "uri": "/contracts/cmnWwt9zEMD#payment-audits", "label": "Copromotion Agreement (King Pharmaceuticals Inc)", "score": 18.0, "published": true}], "hash": "ac7d2e9a31c6d777bc205614f9349642", "id": 8}, {"size": 1, "snippet_links": [{"key": "nothing-in-the-agreement", "type": "clause", "offset": [0, 24]}, {"key": "ability-to-audit", "type": "clause", "offset": [62, 78]}, {"key": "applicable-authority", "type": "definition", "offset": [124, 144]}, {"key": "not-limited", "type": "clause", "offset": [161, 172]}, {"key": "payments-for", "type": "clause", "offset": [283, 295]}, {"key": "dates-of-service", "type": "clause", "offset": [296, 312]}, {"key": "the-term-of-the-agreement", "type": "clause", "offset": [361, 386]}, {"key": "section-vi", "type": "clause", "offset": [433, 443]}, {"key": "exercise-all-rights", "type": "definition", "offset": [548, 567]}, {"key": "other-applicable", "type": "clause", "offset": [623, 639]}, {"key": "in-the-event-of", "type": "definition", "offset": [651, 666]}, {"key": "right-to-appeal", "type": "clause", "offset": [696, 711]}, {"key": "audit-findings", "type": "definition", "offset": [716, 730]}], "snippet": "Nothing in the Agreement shall impact or otherwise limit DSS\u2019 ability to audit and recover from a Hospital, pursuant to all applicable authority, including, but not limited to, Conn. Gen. Stat. \u00a7 17b-99, any payments or portions thereof (which would include overpayments), including payments for dates of service that predate or may overlap with any portion of the Term of the Agreement, except for the one-time payments pursuant to Section VI of the Agreement. Nothing in the Agreement shall impact or otherwise limit the ability of a Hospital to exercise all rights afforded to it under Conn. Gen. Stat. \u00a7 17b-99, or any other applicable authority, in the event of such an audit, including the right to appeal any audit findings and recoupments.", "samples": [{"hash": "oFQ7wVmkOP", "uri": "/contracts/oFQ7wVmkOP#payment-audits", "label": "Settlement Agreement", "score": 25.9609851837, "published": true}], "hash": "e4eb73b65278e37cbcaacfed6fb4db62", "id": 9}, {"size": 1, "snippet_links": [{"key": "relevant-books-and-records", "type": "clause", "offset": [47, 73]}, {"key": "to-verify", "type": "definition", "offset": [92, 101]}, {"key": "calculation-of", "type": "definition", "offset": [106, 120]}, {"key": "payments-to-be-made", "type": "clause", "offset": [125, 144]}, {"key": "available-by", "type": "definition", "offset": [183, 195]}, {"key": "an-independent", "type": "clause", "offset": [215, 229]}, {"key": "certified-public-accounting-firm", "type": "definition", "offset": [230, 262]}, {"key": "by-santarus", "type": "clause", "offset": [274, 285]}, {"key": "the-auditor", "type": "clause", "offset": [322, 333]}, {"key": "during-business-hours", "type": "clause", "offset": [375, 396]}, {"key": "fiscal-year", "type": "definition", "offset": [426, 437]}, {"key": "agreement-remains-in-effect", "type": "clause", "offset": [449, 476]}, {"key": "years-thereafter", "type": "clause", "offset": [491, 507]}, {"key": "expenses-of-the", "type": "clause", "offset": [522, 537]}, {"key": "aggregate-amount", "type": "clause", "offset": [769, 785]}, {"key": "the-period", "type": "clause", "offset": [821, 831]}], "snippet": "Santarus may request one or more audits of the relevant books and records of Fleet in order to verify the calculation of any payments to be made hereunder. Such records shall be made available by Fleet for audit by an independent certified public accounting firm designated by Santarus and reasonably acceptable to Fleet. The auditor will only examine such books and records during business hours but not more than [***] each fiscal year while this Agreement remains in effect and for [***] years thereafter. The fees and expenses of the auditor performing such verification shall be borne by Santarus; provided, however, that if any verification reveals that Fleet has reported incorrectly, and the amount of such discrepancy is at least [***] percent ([***]%) of the aggregate amount that should have been reported for the period examined, then Fleet shall pay the entire amount of the fees and expenses for such verification.", "samples": [{"hash": "1GQZ1y0l8F1", "uri": "/contracts/1GQZ1y0l8F1#payment-audits", "label": "Co Promotion Agreement (Santarus Inc)", "score": 21.0, "published": true}], "hash": "effd464234aea726691d72d00017d0d5", "id": 10}], "next_curs": "ClcSUWoVc35sYXdpbnNpZGVyY29udHJhY3RzcjMLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhdwYXltZW50LWF1ZGl0cyMwMDAwMDAwYQyiAQJlbhgAIAA=", "clause": {"title": "Payment Audits", "children": [["right-to-audit", "Right to Audit"], ["audit-results", "Audit Results"], ["term", "Term"], ["termination-by-depuy-synthes", "Termination by DePuy Synthes"], ["spectrum-responsibilities", "Spectrum Responsibilities"]], "size": 37, "parents": [["recordkeeping-and-audits", "Recordkeeping and Audits"], ["regulatory-access-and-other-matters", "Regulatory Access and Other Matters"], ["maintenance-of-books-and-records-audits", "Maintenance of Books and Records Audits"], ["reports-maintenance-of-records-audit-rights", "Reports Maintenance of Records Audit Rights"], ["product-technical-complaints-and-recalls", "Product Technical Complaints and Recalls"]], "id": "payment-audits", "related": [["payment-audit", "Payment Audit", "Payment Audit"], ["contract-audits", "Contract Audits", "Contract Audits"], ["audits", "Audits", "Audits"], ["independent-audit", "Independent Audit", "Independent Audit"], ["field-audits", "Field Audits", "Field Audits"]], "related_snippets": [], "updated": "2026-02-28T04:48:56+00:00", "also_ask": ["What audit rights and access should be non-negotiable for effective enforcement?", "How can audit scope and frequency be strategically limited or expanded in negotiations?", "What are the most common pitfalls or loopholes that undermine audit clauses?", "How do payment audit provisions differ across key jurisdictions or industries?", "What evidentiary standards do courts require to enforce audit findings and remedies?"], "drafting_tip": "Specify audit frequency and scope to prevent disputes; require advance notice to ensure fairness; define auditor qualifications to maintain objectivity.", "explanation": "A Payment Audits clause grants one party the right to review and verify the financial records related to payments made under the agreement. Typically, this allows the auditing party to inspect invoices, receipts, and supporting documentation to ensure that payments are accurate and comply with the contract terms. By enabling such oversight, the clause helps prevent errors, overpayments, or fraud, thereby ensuring transparency and accountability in financial transactions between the parties."}, "json": true, "cursor": ""}}